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      Question

      What is the labeled price of the article?

      Statement I: The profit earned would be 20% if no discount is offered. Statement II: The SP after offering 10% discount on the labeled price is Rs. 720.
      A If the data in statement I alone are sufficient to answer the question, while the data in statement II alone are not sufficient to answer the question. Correct Answer Incorrect Answer
      B If the data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question. Correct Answer Incorrect Answer
      C If the data either in statement I alone or in statement II alone is sufficient to answer the question. Correct Answer Incorrect Answer
      D If the data even in both the statement I and II together are not sufficient to answer the question Correct Answer Incorrect Answer
      E If the data in both statement I and II together are needed to answer the question. Correct Answer Incorrect Answer

      Solution

      From I, Let the labelled price be Rs.x . ∴ Profit = x × 20% From II, 90% = 720 100% = 720/90 × 100 = Rs. 800(labelled price).

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